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Mar 16, 2013
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they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country atarge because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. alwayshe most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. tting the nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of government and going the size of the private economy. neil: that might have been something that job in the republican
they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country atarge because he is making a connection...
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Mar 15, 2013
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ne: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of repubcan mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing hard. urging freshmen lawmakers not to give up the fight or spending on those 2 need the help -- who need the help the most, tonight. decide whether a man can or should stop congress from closing some spending doors, perhaps of all of the interviews i've done with bill gates over the years from earliest days at microsoft or before he became the power house to keeping his juggernaut going once it was a power house to going full time in charity business, this day is for me the most meaningful and consequential, not because of anything i asked of mr. gates b
ne: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of repubcan mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing...
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Mar 14, 2013
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neil: what's a less erroneous, less crippling economy cutthat we could afford? >> i thi one way that we could look at this is to look at the experience of canada in the 1990s which did $5-$7 of spending cuts for every $1 of tax hikes. they substantially reduced government spending and saw a boom as a result of it. neil: guys, thank you very much. we shall see. on this and other subjects, bill gates, founder of microsoft, second richest person on the planet, jos me on what he thinks of this tax talk, and the impact that tax hikes on charitable contributions and the rest. next, we have hank giving the governme a big spanking. greenberg on the 55 billion lawsuit, and why washington is the one bullying. the one bullying. he has the facts, figures, and at a dry cleaner, the one bullying. he has the facts, figures, and we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. i took my son fishing every y
neil: what's a less erroneous, less crippling economy cutthat we could afford? >> i thi one way that we could look at this is to look at the experience of canada in the 1990s which did $5-$7 of spending cuts for every $1 of tax hikes. they substantially reduced government spending and saw a boom as a result of it. neil: guys, thank you very much. we shall see. on this and other subjects, bill gates, founder of microsoft, second richest person on the planet, jos me on what he thinks of...
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Mar 17, 2013
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there is drags on the economy and we'll need more taxes to close the gaps. companies would like taxes to be low but also don'tment -- don't want to collapse the economy. theymentment economy to grow and not go broke and some mix of spending cuts and tax increases will hopefully lead us down the path but not the japan path. i don't know which plan is better. they are both magic in my opinion. one wants taxes raised and the other want to lower it twitch percent like that is going to balance the budget. i don't know which one is working. >> johnathon, you took a hike up a big mountain, should taxings go up? >> no, they shouldn't unless they are paying off the debt. we are raising a trillion in taxes according to the democratic proposal. you are only raising taxes to raise spending also. you are not paying off the deficit. governor scott and pry, come to these states where you don't have to p a state income tax. that's what businesses want. this democratic budget is the biggest joke i have ever seen. 10 years from now. you are still running a trillion dollar def
there is drags on the economy and we'll need more taxes to close the gaps. companies would like taxes to be low but also don'tment -- don't want to collapse the economy. theymentment economy to grow and not go broke and some mix of spending cuts and tax increases will hopefully lead us down the path but not the japan path. i don't know which plan is better. they are both magic in my opinion. one wants taxes raised and the other want to lower it twitch percent like that is going to balance the...
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Mar 13, 2013
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>> they're positive to the economy. david: that kind of flies in the face of reality which you mentioned. we have personal income down 3.6% in february. that's a huge drop. that is much less money in your pocket. presumably that would change your buying patterns but it hasn't. >> presumably it would. probably if you average over the entire pop like it does but you look at specific demographics. they may reduce spending my increase because they feel more optimistic about the economy. david: people affected least by drop in personal income are younger folks, who by the way are the most fickle. hardest to choose which company really appeals to their tastes. >> they are the most fickle. they're also the different, most difficult to reach. these are multichannel users. that is one thing we do at experion market services we look at multichannel marketing strategy. they are reaching customers through five different channels, through the web, search, mobile, print, tv. getting to these people is becoming more and more difficult
>> they're positive to the economy. david: that kind of flies in the face of reality which you mentioned. we have personal income down 3.6% in february. that's a huge drop. that is much less money in your pocket. presumably that would change your buying patterns but it hasn't. >> presumably it would. probably if you average over the entire pop like it does but you look at specific demographics. they may reduce spending my increase because they feel more optimistic about the economy....
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Mar 15, 2013
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. ♪ (train horn) : wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ john: our government adds thousands of new laws every year . the fed's alone added 8,000 pages of new regulation just last year. add in state and local laws, we are drowning in rules. >> the police blocking the. so given that the police have the power to let me a or shoot me it is important that we be able to keep an eye on them fortunately that is easier today because even our phones have cameras. a camera is a powerful tool. watching the watchman. the problem is often the watchman don't want to be watched. in jones county mississippi a highway patrolman told pierre, stop your rv. an activist who likes to videotape encounters. >> turn it off. >> how come? >> turn it off. john: the police were suspicious of shirtless, tattooed pete and his big trailer with new hampshire plates. his friend filmed the encounter and said. >> i would like to keep everyone accountable. john: apparently this officer did not like that. another arrived. >> and not shuttin
. ♪ (train horn) : wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ john: our government adds thousands of new laws every year . the fed's alone added 8,000 pages of new regulation just last year. add in state and local laws, we are drowning in rules. >> the police blocking the. so given that the police have the power to let me a or shoot me it is important that we be able to keep an eye on them fortunately that is easier today...
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Mar 15, 2013
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the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught the first time the president ran, i think the public viewed him as a non-politician. i think he has been proven to be nothing but a politician from day one. >> she lost speakership over it. it was not done for political reasons. if it had, we never would have had healthcare reform. of course he is a politician. you do not become president of the united states can't you do not become a senator without being a politician. everything done in washington is with an eye towards the pole. charles: has he been political to a fault? he certainly overplayed with sequestration. you know what, if
the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught...
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Mar 16, 2013
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consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable. but how do the higher prices impact the rest of their spending remains to be seen. for "nightly business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freein
consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable....
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Mar 19, 2013
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it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. needs right now, we not only have a jobs problem. neil: i think it should be your highest priority. >> it is important for us to look -- >> okay, i understand. >> i don't know why we're again saving the world. neil: i'm not again saving the whales and birds, i'm i w
it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus...
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Mar 13, 2013
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because our economy is not growing at 5%. he makes you not spend more than what you bring in. what he does is make the program more efficient. so he takes it to the lower level and puts it into the states that allows them the flexibility. and that's a difference. the other thing is, you move the economy in a different way, too, so more people are working, more people have a different opportunity. >> greta: all right, one of the other parts is under medicare, he would convert it to a subsidized private plan. what is that? >> it's-- you know what that is? that's getting health care just like every congressional member of congress has. it gives you a choice. >> greta: i mean, you get some-- you get money from the government. those who couldn't afford it-- >> the very poorest, we're going to respect you, you believe now what's best about your health care, too, we're going to give you options just like people who are watching this channel have options which cable they want to get. which packages they want to buy. you get to set some and-- >> when you say subsidize, medicare right n
because our economy is not growing at 5%. he makes you not spend more than what you bring in. what he does is make the program more efficient. so he takes it to the lower level and puts it into the states that allows them the flexibility. and that's a difference. the other thing is, you move the economy in a different way, too, so more people are working, more people have a different opportunity. >> greta: all right, one of the other parts is under medicare, he would convert it to a...
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Mar 18, 2013
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we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan krueger back at this table. welcome. >> my pleasure. >> rose: what's the essence of this which is sort of like asking moses of the ten commandments which are the important two. give me the essence of what you discover and you want the american public to know. >> you touched on it. the u.s. economy went through a traumatic period. financial crises was extraordinarily deep. we lost $16 trillion in wealth. but we are digging our way out of this problem. we've regained now almost 15 trillion of the lost wealth. over the last 36 months we've added private sect
we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan...
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Mar 15, 2013
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>> i do think there has been a problem in the economy where the lower end of the economy has not been able to travel in a gamble. and overbuilding. mgm, las vegas has not come back folia from the recession. more of a direct play on that verses the other stocks that don't like what las vegas sands. that is kind of a boom economy that could crash. too much playing with the vip travel. i prefer with playing with the average gambler. in almost bankrupt stock, but a vigorous comeback, and that the key will have to, we will have to see that take off. melissa: of want to bring in david patrice, joining us now. i think we apologize, having some problems with your huckabee at the beginning, but we're glad you could join us now. both of our guests were just saying that they want to invest in indian reserves and think that is a good pick for our viewers. how you feel? >> i would stay away. in fact, i would stay away from resorts in total. my take was actually when resorts. with this recession discretionary consumer spending has dropped off considerably. corporations are not spending money for pe
>> i do think there has been a problem in the economy where the lower end of the economy has not been able to travel in a gamble. and overbuilding. mgm, las vegas has not come back folia from the recession. more of a direct play on that verses the other stocks that don't like what las vegas sands. that is kind of a boom economy that could crash. too much playing with the vip travel. i prefer with playing with the average gambler. in almost bankrupt stock, but a vigorous comeback, and that...
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Mar 15, 2013
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it's good to be the economy. it creates jobs. >> reporter: he said he supported the position of his predecessors in favor of a strong dollar policy on the issue of the budget, there's a big battle over sequestration. secretary lew said he thought he heard cooler heads prevailing and seemed somewhat optimistic that a deal could be reached that would end the automatic sequestration cuts. steve liesman in alpharetta, georgia. >>> meanwhile, timothy geithner will write a behind the scenes book on the financial crisis and how he and other officials debated and worked together. crown publishers commissioned the book and made the announcement today. the book is due out next year. no word on what crown is paying mr. geithner. >>> the second report card on the health of u.s. banks came out late today with mixed results. the federal reserve rejected the capital plans from bb&t bank and allied financial which was the only bank to fail the original test that came out last week. goldman sachs and jpmorgan got only conditional
it's good to be the economy. it creates jobs. >> reporter: he said he supported the position of his predecessors in favor of a strong dollar policy on the issue of the budget, there's a big battle over sequestration. secretary lew said he thought he heard cooler heads prevailing and seemed somewhat optimistic that a deal could be reached that would end the automatic sequestration cuts. steve liesman in alpharetta, georgia. >>> meanwhile, timothy geithner will write a behind the...
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Mar 19, 2013
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you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30% where it was at its peak. you know, household formation in the last few years has been delayed because of americans deciding to live with their parents, essentially, but population growth continues. bullish on the housing market driving quite of other consumer demand. cheryl: are you changing your asset allocation mix now? is that something you're in the midst of doing, especially on a day like today and yesterday when there seems to be a lot of money moving around, not a lot of new money, but money moving nonetheless. >> we're not
you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30%...
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Mar 17, 2013
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couple of things did happen his approval rating dropped 12 points among women and the handling of the economy is a dead heat with the republicans. he doesn't have to run for reelection again, but a lot of democrats do and if you're a democrat who needs to get reelected you're getting very nervous and i think the democratic elites in washington have conveyed to the president this isn't working. you've got to do business with these people. >> paul: do you think it's cosmetic, rhetorical or do you think it's actually sincere? >> well, if it were deeply sincere, it would suggest a sea change with the president and i don't think that anyone is running around washington saying, my god, do you believe how he's changed? it's called a charge offensive and that's a weird name for this. he's not being especially charming and his own white house seems to find it somewhat offensive that they have to deploy him out to talk to crazy republicans. >> there was a background growth this week. >> there was. >> on the story. >> this is not going to-- ap reporter, this doesn't mean anything, it's not going anywher
couple of things did happen his approval rating dropped 12 points among women and the handling of the economy is a dead heat with the republicans. he doesn't have to run for reelection again, but a lot of democrats do and if you're a democrat who needs to get reelected you're getting very nervous and i think the democratic elites in washington have conveyed to the president this isn't working. you've got to do business with these people. >> paul: do you think it's cosmetic, rhetorical or...
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Mar 20, 2013
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the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ lou: well, amidst all today, the housing market showing signs of a robust recovery. a former vice chair of the fed and noted economist alan blinder joins us here tonight to tal about the possibilities of a return to prosperity. and on wall street, the dow jones industrials powering through all those zero lorries to close higher. many investors still concerned about the eu bailout and the cyp
the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then...
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Mar 14, 2013
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we we believe we need to grow the economy. and miss policies, grow the government at the expense of growing the economy. >> you know what i think is also peculiar about the budget path to prosperity the republicans budget and the senate came out foundation for growth restoring the promise of american opportunity. what's wrong with just saying the senate budget and the house budget. you guys jazz up these names, sort of like you package the branded and i think the american people, they just want a budget. >> just give me a budget. well, it's pretty straight forward and most americans deal with that and i think that most americans also realize that they could live on what the house budget has proposed, 3.4% increase in spending over the next ten years, but it's 4 1/2 trillion dollars less in spending than what the senate democrats are putting forward and the senate democrat budget 1.5 trillion dollars tax increase on top of the 1.7 tri increase we've already seen out of the administration. >> they're going to through closing loo
we we believe we need to grow the economy. and miss policies, grow the government at the expense of growing the economy. >> you know what i think is also peculiar about the budget path to prosperity the republicans budget and the senate came out foundation for growth restoring the promise of american opportunity. what's wrong with just saying the senate budget and the house budget. you guys jazz up these names, sort of like you package the branded and i think the american people, they...
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economy. >> we had a couple of huge risks hanging over the global economy for the last year. china had the hard landing, the euro break-up, would america fall over its fiscal cliff. none of those things happened. >> reporter: but several good things have happened including more signs today of a turnaround in the labor market. the number of people claiming initial jobless claims falling last week to a lower-than-expected 332,000. that following last friday's february employment report which showed the unemployment rate fell to its lowest level since 2008. but while the outlook on jobs is improving, inflation is putting more pressure on u.s. businesses. producer prices or the cost of businesses to manufacture goods rose again in february, climbing nearly 1.7% in just the past year. pushed higher by rising gas prices. at the same time, the u.s. dollar has shown some relative strength, up 4% in just the past two months against the other major currencies. while a stronger dollar sounds great, it can hurt american business making u.s. exports more expensive to foreign buyers. >> to
economy. >> we had a couple of huge risks hanging over the global economy for the last year. china had the hard landing, the euro break-up, would america fall over its fiscal cliff. none of those things happened. >> reporter: but several good things have happened including more signs today of a turnaround in the labor market. the number of people claiming initial jobless claims falling last week to a lower-than-expected 332,000. that following last friday's february employment...
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Mar 16, 2013
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it's worth about a billion dollars overall to the economy, just in southern california. well we are on the subject of sex in addition to the so-called vice taxes, some states are actually putting -- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, the is no denying that device is generating an enormous amount of what gernment see to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. st
it's worth about a billion dollars overall to the economy, just in southern california. well we are on the subject of sex in addition to the so-called vice taxes, some states are actually putting -- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as...
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Mar 20, 2013
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very much shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery. the upside of them being wrong so often that they actually acknowledge it and try and adjust. so
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about, that ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 13, 2013
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and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we consider them competition, they are friends but they are competition, we welcome the competition. rick perry and i saw each other two weeks ago, we said we'll fight for our jobs, he is going to california, i fight for jobs to keep jobs in north carolina, and i'll take jobs from any place, i like to get them from overseas, also some international companies investing in north carolina. and we're having good news success, and the metlife announcement of 2600 jobs with is a positive signal for north carolina, our biggest challenge right now is small ru
and these new jobs will help build our economy. i think they made the right decision, we're glad to have metlife, a gri great company coo north carolina. neil: there are a lot of zero-tax states like texas and florida trying to do what you are i do, the governors have a contest to do that but there are fewer of you guys than the high tax state guys. what happens in you woo those jobs the republican-run state ewhat do you offer they do not? >> rick perrynd nikki haily and bob mcdonald, we...
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Mar 21, 2013
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neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost cutting equal profits or equal prosperity? it equals profits in some cases, but not prosperity. the shoe is kind of starting to drop. dow theory covers two components. it covers the loss in production and also the consumer side of it. if companies are choosing freight over express airmail, why are they doing that? what's the incentive behind that? and, again, the dow transports show there's international weakness, so it's sort of, like, a matter of time. we have fiscal issues and now we're starting to see some weakness in the dow theory. neil: you know -- >> keep wa
neil: first day of spring, and is the economy springing back? unemployment down, but a couple of thorns in this otherwise rosy news. fedex's quarterly profit diving by a third now warning this year could be dicey, and next year may be dicier. restaurants seeing the worst sales in three years. market watcher francis newton and whether you should be worrying back with john, and richard benjamin. francis, you're getting worried? >> absolutely. it's ancient dow theory. since when is cost...
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Mar 15, 2013
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and other signs point to an improving economy. i see today's modest decline as a victory for the bulls, actually. it was a fractional move. every bull run needs a breather. and even a correction of about 5%, as blackrock ceo larry fink predicted on this program last week, could simply be a buying opportunity. investors have to ask themselves, more than ever, today, at these levels, is it more dangerous to be in this market or not in this market? before we go, take a look at the day on wall street. as i said, it was a fractional decline on the session. but 25 points down is a fraction at 14,514 on the dow jones industrial average. volume extreme little heavy because it was an expiration at the end of the day. almost 2 billion shares traded here at the big board. nasdaq, ten points, s&p 500 down a fraction, as well. have a fantastic weekend, everybody. happy st. paddy's day. see you on monday. join me on "on the monday" sunday. "options action" begins right now on cnbc. >>> this is "options action." tonight -- cash at last. will app
and other signs point to an improving economy. i see today's modest decline as a victory for the bulls, actually. it was a fractional move. every bull run needs a breather. and even a correction of about 5%, as blackrock ceo larry fink predicted on this program last week, could simply be a buying opportunity. investors have to ask themselves, more than ever, today, at these levels, is it more dangerous to be in this market or not in this market? before we go, take a look at the day on wall...
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Mar 18, 2013
03/13
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the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hotel, cay casino, d marina in the heart of new jersey. hear from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it's not just gambling, but the biggest trends in alcohol these days, bourbon, plus, tobacco, porn, reality tv, and how your smart phone is a vice. we have a sinful hour ahead capping it off with how you at home as an investor can make money on it all. first tonight, our top story. obamacare's latest surprise is a new fee to hit employers. douglas holtz-eakin, president of the and former cbo director. great to talk to you. i was shocked to hear about the fee, $63, nobody knew it was coming, $63 per eployee, so for a company like boeing, that's $10 million just for the fee alone. what is it for, and why didn't we
the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hotel, cay casino, d marina in the heart of new jersey. hear from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it's not just gambling, but the...
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two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds of one point one trillion that's almost twenty percent folks so where is that up where where are the people storming you know the prime minister all power how if interest rates are five percent in the u.k. adventurous rates are five percent of the united states the amount of money that would be circulating in the economy not sitting on corporate balance sheets like apple is projected to now one hundred seventy billion in cash in a balance sheet the next two years if interest rates are at normal rates to reflect the normal historical trends the economy would be in a growth the g.d.p. would be expandin
two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds...
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Mar 19, 2013
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it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account.
it was not a good idea to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to --...
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interest rate policies are bank theft by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got an actual he's broken down the exact number the exact pounds that have been stolen from pensioners and savers for years of savers propping up the banks and subsidizing debt save our savers is calculated that the total cost to savers in the four years since march two thousand and nine is two hundred twenty point four billion pounds max that's on a total savings in the u.k. of one point one trillion pounds so he's to basically half of it is because of inflation and half of it is because of reduced interest on the savings account very well even the bank of england released figures six months ago they
interest rate policies are bank theft by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got an...
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Mar 16, 2013
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it's underappreciated, there's a tax increase on the economy to turn into big job growth impacts and turn into big cost of insurance impacts, and that's what the fee is for, it's there to get the startup of the new exchanges going and to ensure the high cost paicialghts are covered into the insurance products. gerri: what's interesting because there's a lot of people asking for exclusions already, and am i surprised that thedownon representing auto workers doesn't want to pay this. boeing, as i mentioned before, they are asking for exclusions. suspect this s case where virtually anybody with more than say a thousand employees is going to be knocking on th white house doors asking for personal consideration? >> well, of course, you would. this is a cost of doing business, going to be sutantial, and unanticipated cost. we saw this with all the regulations that have been put in place to make obamacare go. one by one, they show up and ask for exclusions because they are costly, have to change the way they do business, change the insurance, and the fee is no different. we saw a medical de
it's underappreciated, there's a tax increase on the economy to turn into big job growth impacts and turn into big cost of insurance impacts, and that's what the fee is for, it's there to get the startup of the new exchanges going and to ensure the high cost paicialghts are covered into the insurance products. gerri: what's interesting because there's a lot of people asking for exclusions already, and am i surprised that thedownon representing auto workers doesn't want to pay this. boeing, as i...
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Mar 18, 2013
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so, it seems like there is a wave, but it just is a coincidental problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that money does come down to the states either through block grants or for transportation grants, and that money has to get squeezed out at the capital level, and it is going to be harder. the driver will be how long is the recession going to last, and how deep is it going to be? > if these cities you talked about and a couple of counties are basket cases, how are other cities that are having real stress problems dealing with it, because their big-budget item is what? employees. > > employees. right. so municipal government is a service enterprise, and when you have a service enterprise - police, fire, pave t
so, it seems like there is a wave, but it just is a coincidental problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that...
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Mar 19, 2013
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and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is. >> if we took the fed out of the equation, joe, is there anything else out there that could potentially be negative enough, maybe even something we haven't encountered yet, that could make this market come unstuck? >> i think it would have to be something geopolitical, some on the oil front. certainly there is some fear in asia we relations to the japanese and chinese. no, i don't think so, mandy. we're still in a very solid, cyclical spot. >> i think the issue, guys, is when you ask that question, mandy, the correct question is, joe, if there was 3% gd
and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is....
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Mar 14, 2013
03/13
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i think, look, china is here to stay, the second largest economy in the world. we need to have a constructive relationship with them. it would be foolish not to. neil: second term, brack brk, going -- barack obama going to make much progress? >> in what? neil: anything. >> i hope we get the house in order on a balance sheet. neil: do you think that's going to happen? >> i have doubts. neil: yeah, i share your doubt. always a pleasure, sir. >> always good to see you. neil: thank you very much. when we come back, remember when the president said this tuesday in >> we cannot and will not sustain deficits like these without end. we cannot spend as we please and defer consequences. neil: why what the president said today could prove what he said that day or all the other days after this. ♪ at a dry cleaner, we replad people wiwith a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real perso24/7, you need an ally. hello? ally bank. your money needs an ally. neil: caught on tape and caught saying m
i think, look, china is here to stay, the second largest economy in the world. we need to have a constructive relationship with them. it would be foolish not to. neil: second term, brack brk, going -- barack obama going to make much progress? >> in what? neil: anything. >> i hope we get the house in order on a balance sheet. neil: do you think that's going to happen? >> i have doubts. neil: yeah, i share your doubt. always a pleasure, sir. >> always good to see you....
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Mar 19, 2013
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emerson. ♪ emerson. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.
emerson. ♪ emerson. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.
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Mar 13, 2013
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the global economy is slowing. this stock has risen so much and up to $36 that any hiccup in the global economy and jour going to see capex coming down at companies and that's going to impact the bottom line at oracle. 36 seems to be a formidable resistance and finally i'll go jeff goodlock on you and say almost every major firm on the street has a buy rating or overrate rating on oracle. >> another good point, they've all been right. and sometimes stocks do that levitation, it's a formidable company which is why it continues to go higher. >> those macro points are pretty scary when you apply them to any stock. >> true. >> how do you get into a stock if you believe there are all these head winds and business inventories are high, et cetera. >> i'm not into that many stocks, in fact, i bought tlt today, i still have my long position, however i'm trailing. every company out there is subject to all of these macro head winds, doesn't have to be -- i'm not picking on oracle. >> way to go. >> tim, weigh in. >> beaks is r
the global economy is slowing. this stock has risen so much and up to $36 that any hiccup in the global economy and jour going to see capex coming down at companies and that's going to impact the bottom line at oracle. 36 seems to be a formidable resistance and finally i'll go jeff goodlock on you and say almost every major firm on the street has a buy rating or overrate rating on oracle. >> another good point, they've all been right. and sometimes stocks do that levitation, it's a...